PFL vs PMVP: Correlation
Measured on weekly returns over the past three years, PIMCO Income Strategy Fund Shares of Beneficial Interest (PFL) and PMV Pharmaceuticals, Inc. (PMVP) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFL and PMVP?
Over the past 3 years, PFL and PMVP moved with a correlation of 0.43, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.43). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 449.4 %².
Within PFL's tracked universe of 22 assets, PMVP comes in at #13 by 3-year correlation. On 12-month performance PFL holds a 13.8-point edge, +1.1% against -12.7%. Risk is not evenly split, since PMVP carries 7.2 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PFL vs PMVP: side by side
| PFL (PIMCO Income Strategy Fund Shares of Beneficial Interest) | PMVP (PMV Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +1.1% | -12.7% |
| 5-year return | +1.9% | -95.9% |
| Volatility (ann.) | 12.0% | 86.3% |
| Beta vs S&P 500 | 0.39 | 1.29 |
| Max drawdown (3Y) | -11.1% | -88.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | 9.6 | – |
| Dividend yield | 12.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFL | PMVP |
|---|---|---|
| 2022 | -18.0% | -62.3% |
| 2023 | +17.2% | -64.4% |
| 2024 | +11.4% | -51.3% |
| 2025 | +13.0% | -17.2% |
| 2026 | -2.2% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFL and PMVP good diversifiers for each other?
Reasonably. At 0.43, PFL and PMVP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PFL and PMVP?
As of 2026-08-27, the correlation of weekly returns between PFL and PMVP is 0.43 over 3 years, 0.17 over 1 year and 0.33 over 5 years.
Is PMVP a good diversifier for PFL?
Reasonably. At 0.43, PFL and PMVP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pfl-vs-pmvp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfl-vs-pmvp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PFL correlations · PMVP correlations
